Market Overview:
The global kitchen faucets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for kitchen faucets from residential and commercial applications. In terms of type, the one-handle faucets segment is expected to dominate the market during the forecast period, owing to its low installation cost and easy operation. However, in terms of revenue share, two-handle faucets are expected to hold a larger share of the market due their high price point and luxurious appeal.
Product Definition:
A kitchen faucet is a water fixture used in the kitchen sink, located in the center of the countertop. The hot and cold water are mixed together and come out of a single spout. The term "kitchen faucet" usually refers to a single lever handle design where you use your thumb to move the lever up and down to change the temperature of the water.
One-handle Faucets:
One-handle faucets are a kind of bathroom and kitchen faucet with a single spout. It is mostly used in the washrooms for washing hands, but it can also be used for filling in the sink or drinking water from the sink. The growth factor that propels its demand is its easy usage and installation process as compared to other two-handle variants.
Two-handle Faucets:
The two-handle faucets are the combination of modern and traditional faucets. It has a traditional spout along with a separate hot and cold handle, which is used to control the water flow. The product is available in various types, such as single-lever, two-handling, three-handling and even more.
Application Insights:
The commercial application segment dominated the global kitchen faucets market, accounting for more than 60.0% share of the total revenue in 2017. This is attributed to a rise in demand from hotels, restaurants and food chains across various regions including North America and Europe. In addition, a significant increase in the number of small eateries and cafes has fueled product demand in this segment over the recent past.
Residential application is expected to be at a higher CAGR owing to rising awareness about health benefits associated with proper hygiene habits among consumers, coupled with an increasing number of renovation activities taking place across major economies globally.
Regional Analysis:
Asia Pacific dominated the global kitchen faucets market in 2017. This is attributed to increasing number of commercial spaces such as hotels, restaurants and malls in emerging countries such as China and India. Moreover, growing middle-class population along with rapid urbanization has resulted in increased spending on home improvement products including kitchen faucets.
North America is expected to be the fastest-growing regional market from 2018 to 2030 owing to high demand for technologically advanced products coupled with presence of a large number of manufacturers focusing on developing innovative products meeting customer needs at competitive prices. Furthermore, increasing construction activities due to rising demand for single-family houses are expected drive product sales over the forecast period.
Latin America also presents significant growth opportunities for industry participants due to growing consumer awareness regarding quality and price comparison between online shopping sites offering similar items/models across different brands/brands available in local stores or online portals offering same product range but at lower prices than branded ones (e-commerce websites).
Growth Factors:
- Rising disposable income of the population: The disposable income of the population is rising, which is resulting in an increase in demand for luxury items such as kitchen faucets.
- Urbanization and modernization: There is a growing trend of urbanization and modernization across the world, which is leading to an increase in demand for kitchen faucets.
- Increasing number of households: The number of households is increasing globally, which is resulting in an increase in demand for kitchen faucets.
- Growing popularity of modular kitchens: Modular kitchens are becoming increasingly popular across the world, and this is contributing to the growth of the Kitchen Faucets market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Kitchen Faucets Market Research Report
By Type
One-handle Faucets, Two-handle Faucets, Pillars Faucets
By Application
Residential Application, Commercial Application
By Companies
LIXIL, TOTO, kohler, Delta Faucet, MOEN, Hansgrohe, KWC, Dornbracht, LATOSCANA (Paini), KLUDI, LIXIL, GESSI, DAMIXA, HCG, Chung Cheng Faucet company (CCF), Hydrotek, JOMOO, HUAYI, JOYOU, HHSN, LOTA, SUNLOT, FLOVA, YATIN, JOXOD, AOLEISHI, CHAOYANG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Kitchen Faucets Market Report Segments:
The global Kitchen Faucets market is segmented on the basis of:
Types
One-handle Faucets, Two-handle Faucets, Pillars Faucets
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Application, Commercial Application
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LIXIL
- TOTO
- kohler
- Delta Faucet
- MOEN
- Hansgrohe
- KWC
- Dornbracht
- LATOSCANA (Paini)
- KLUDI
- LIXIL
- GESSI
- DAMIXA
- HCG
- Chung Cheng Faucet company (CCF)
- Hydrotek
- JOMOO
- HUAYI
- JOYOU
- HHSN
- LOTA
- SUNLOT
- FLOVA
- YATIN
- JOXOD
- AOLEISHI
- CHAOYANG
Highlights of The Kitchen Faucets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- One-handle Faucets
- Two-handle Faucets
- Pillars Faucets
- By Application:
- Residential Application
- Commercial Application
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Kitchen Faucets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Kitchen faucets are the fixtures that come with most kitchens. They include a spout for dispensing water and other fluids, and may have handles or knobs to control the flow of water.
Some of the major companies in the kitchen faucets market are LIXIL, TOTO, kohler, Delta Faucet, MOEN, Hansgrohe, KWC, Dornbracht, LATOSCANA (Paini), KLUDI, LIXIL, GESSI, DAMIXA, HCG, Chung Cheng Faucet company (CCF), Hydrotek, JOMOO, HUAYI, JOYOU, HHSN, LOTA, SUNLOT, FLOVA, YATIN, JOXOD, AOLEISHI, CHAOYANG.
The kitchen faucets market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Kitchen Faucets Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Kitchen Faucets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Kitchen Faucets Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Kitchen Faucets Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Kitchen Faucets Market Size & Forecast, 2020-2028
4.5.1 Kitchen Faucets Market Size and Y-o-Y Growth
4.5.2 Kitchen Faucets Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 One-handle Faucets
5.2.2 Two-handle Faucets
5.2.3 Pillars Faucets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Application
6.2.2 Commercial Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Kitchen Faucets Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Kitchen Faucets Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 One-handle Faucets
9.6.2 Two-handle Faucets
9.6.3 Pillars Faucets
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Application
9.10.2 Commercial Application
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 One-handle Faucets
10.6.2 Two-handle Faucets
10.6.3 Pillars Faucets
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Application
10.10.2 Commercial Application
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 One-handle Faucets
11.6.2 Two-handle Faucets
11.6.3 Pillars Faucets
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Application
11.10.2 Commercial Application
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 One-handle Faucets
12.6.2 Two-handle Faucets
12.6.3 Pillars Faucets
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Application
12.10.2 Commercial Application
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 One-handle Faucets
13.6.2 Two-handle Faucets
13.6.3 Pillars Faucets
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Application
13.10.2 Commercial Application
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Kitchen Faucets Market: Competitive Dashboard
14.2 Global Kitchen Faucets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LIXIL
14.3.2 TOTO
14.3.3 kohler
14.3.4 Delta Faucet
14.3.5 MOEN
14.3.6 Hansgrohe
14.3.7 KWC
14.3.8 Dornbracht
14.3.9 LATOSCANA (Paini)
14.3.10 KLUDI
14.3.11 LIXIL
14.3.12 GESSI
14.3.13 DAMIXA
14.3.14 HCG
14.3.15 Chung Cheng Faucet company (CCF)
14.3.16 Hydrotek
14.3.17 JOMOO
14.3.18 HUAYI
14.3.19 JOYOU
14.3.20 HHSN
14.3.21 LOTA
14.3.22 SUNLOT
14.3.23 FLOVA
14.3.24 YATIN
14.3.25 JOXOD
14.3.26 AOLEISHI
14.3.27 CHAOYANG
